Nissan Motor Co on Wednesday unveiled the Ariya - an electric SUV and its first all-new global model in five years - hoping it will symbolise its road to recovery after more than a year of scandal and a precipitous decline into earnings losses. But initial sales plans for the Ariya are modest, people with knowledge of the matter told Reuters, an indication that the vehicle will do little to lift Nissan's bottom line.
Tulsa, Oklahoma, is an oil-industry town with a 75-foot (23 m) statue called "The Golden Driller." Austin, Texas, is a progressive city in a conservative state with a thriving software industry and a "Keep Austin Weird" counterculture image. These two very different towns have one thing in common: They are both on the short list to land a $1.1 billion vehicle assembly plant for Tesla Inc - and up to 20,000 new jobs.
Electric car maker Fisker will go public through a merger with a blank-check company backed by alternative investment manager Apollo Global Management Inc at a valuation of $2.9 billion, the companies said.
The much-awaited BMW iX3 is all set to make its global debut next week, on July 14, 2020. It's will be the first-ever all-electric SUV from the Bavarian carmaker and will feature the company's fifth-generation BMW eDrive technology.
Japan's Honda Motor Co Ltd will pick up a 1% stake in electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the Chinese firm said in a filing on Friday.
Tesla Inc's blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months. Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40 per cent in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion.
American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.
U.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
Volkswagen's Spanish brand SEAT plans to invest 5 billion euros ($5.6 billion) from 2020-2025 and is committed to making electric cars in Spain with the right government support.
